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Long-dated Treasury holdings downsized as Fed faces tough inflation choices

Bond investors, worried about persistently sticky inflation, have reduced their exposure to longer-dated U.S. Treasuries ahead of the Federal Reserve's two-day monetary policy meeting this week in which it is likely to hold interest rates steady. The U.S. central bank's policy-setting Federal Open Market Committee is widely expected on Wednesday to keep its benchmark overnight interest rate in the 5.25%-5.50% range for a seventh consecutive meeting. In his press conference after the end of the meeting, Fed Chair Jerome Powell is expected to continue emphasizing an easing bias, although he is likely to show little urgency to cut rates in the near term given persistent inflationary pressures and a still robust labor market.

THE US dollar slipped against most major currencies on Friday (May 24) as traders booked profits after recent gains but the US currency remained well-placed for further advances, supported by strong US economic data that has prompted markets to dial back expectations for interest rate cuts.

Dollar down on profit taking but upbeat outlook remains

The dollar slipped against major currencies on Friday, but remains well-placed for further advances supported by strong U.S. economic data. Markets dial back expectations for interest rate cuts as U.S. business activity accelerates and input prices surge, prompting a debate among policymakers on inflation control.

Dollar slips on profit taking but upbeat outlook remains

Dollar slips on profit taking but upbeat outlook remains
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

US dollar slips on profit taking but upbeat outlook remains

US dollar slips on profit taking but upbeat outlook remains
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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